Bulls Get Weekly Win Despite Volatility

MARKET SUMMARY

U.S. markets closed lower on Friday after recovering steep losses midday while managing to close the week higher. The Dow has its best week of the year after surging 2.9% but giving back 0.2% to snap a 5-session win streak. The S&P 500 also slipped 0.2% while adding 1.5% for the week, its biggest weekly gain since September.

The Nasdaq stumbled 0.4% to extend its weekly loss to 0.6% while closing below the 6,900 level for the 3rd-straight session. The Russell 2000 fell 0.5% but jumped 1.2% for the week and is just 1% below last Thursday’s all-time high.

TRADE OF THE DAY

THE WINNING TRADER'S MINDSET - PART 3

ANALYST UPGRADES / DOWNGRADES

Agco (AGCO) upgraded to Conviction Buy from Neutral at Goldman SachsMellanox (MLNX) upgraded to Buy from Neutral at LongbowVantiv (VNTV) upgraded to Outperform from Neutral at Wedbush

Priceline (PCLN) downgraded to Hold from Buy at ArgusRegeneron (REGN) downgraded to Neutral from Buy at CitiVMware (VMW) was downgraded to Hold from Buy at Gabelli